News articles about Braskem (NYSE:BAK) have been trending somewhat positive on Thursday, Accern Sentiment reports. The research group scores the sentiment of press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Braskem earned a news impact score of 0.14 on Accern’s scale. Accern also assigned media headlines about the energy company an impact score of 45.4997651024826 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Braskem stock traded down $0.61 during trading on Thursday, reaching $28.65. 481,192 shares of the company traded hands, compared to its average volume of 411,253. The company has a debt-to-equity ratio of 2.88, a quick ratio of 0.58 and a current ratio of 0.86. Braskem has a 1-year low of $17.44 and a 1-year high of $33.73.
Several research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Braskem from a “strong sell” rating to a “hold” rating in a report on Monday, January 29th. UBS upgraded shares of Braskem from a “market perform” rating to an “outperform” rating in a report on Tuesday, January 16th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $34.00.
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Braskem SA produces thermoplastic resins. The Company’s segments are Basic petrochemicals, Polyolefins, Vinyls, the United States and Europe, and Chemical distribution. It is also engaged in the import and export of chemicals, petrochemicals and fuels, the production, supply and sale of utilities such as steam, water, compressed air, industrial gases, the provision of industrial services, and the production, supply and sale of electric energy.
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